Industrial Manufacturing Property in Mashpee Sells for $1.555 Million

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Mashpee, MA – MANSARD recently completed the sale of an Industrial Manufacturing property at 14 Wags Road in Mashpee, MA worth $1,550,000.

The 6,144 square foot industrial property was skillfully designed for business operations that require ample storage, showroom space and service/maintenance. The building showcases its true value with three private industrial bays, 672 SF of office space and 3 overhead doors. Other important features include a fully sprinklered system, compressed air piping throughout building and radiant heating with pex tubing.

The Industrial Manufacturing Property in Mashpee is well secured by a fully enclosed black galvanized chain link fence, security system and exterior video surveillance on every corner which is monitored 24/7. 14 Wags Road is located in a commercial section of Mashpee Massachusetts directly off of Falmouth Road and within half a mile of national tenants such as Marshalls, TD Bank, CVS Pharmacy, Dunkins, Verizon, Homegoods, Pottery Barn and Starbucks, increasing consumer footprint in the area.

MANSARD secured Aspen Blue LLC, an experienced cannabis cultivation company as the right buyer. Before purchasing was completed, Aspen Blue LLC was unanimously approved by the Mashpee Selectmen regarding a host agreement.

The agreement includes a biannual payment to the town of Mashpee equal to 3 percent of gross revenue from sales generated by the industrial manufacturing facility, as well as an annual $25,000 contribution to nonprofit entities for education and drug abuse prevention programs.

“We engaged in a wide and deep marketing campaign to expose this well located, custom built industrial property to the right buyer. Cannabis zoning and the property’s secure location made it the right fit for Aspen Blue’s cultivation expansion. We wish them success in their endeavor,” said Jeremy Cyrier of MANSARD.

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